In August 1970 the Ford Foundation announced the establishment of a Venture Fund grant program to help strengthen and to encourage innovation in undergraduate education throughout the country. Criteria for selection were: (1) evidence of creative programs in the past, (2) the quality of current educational programs and leadership, and (3) the prospect that a Venture Fund would be continued with local support after the conclusion of the program. Many institutions met these criteria, but the foundation was able to assist only 49. The grantees are representative of a broad spectrum of American higher education. They all have demonstrated the capacity to be responsive to try to do new things in new ways. They are located in 34 states; 31 are privately sponsored and 18 are public institutions; a few are single-sex but most are coeducational. In this report, each of the 49 institutions provides its own answers to the following questions: (1) What are the three most significant innovations in undergraduate education on your campus in the last five years? (2) Why were they undertaken? (3) To what extent has each been successful? (4) How many students are directly involved in, or touched by, each? (Author/PG)